PROG (NYSE:PRG) Issues FY 2025 Earnings Guidance

PROG (NYSE:PRG) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 3.100-3.500 for the period, compared to the consensus EPS estimate of 3.880. The company issued revenue guidance of $2.5 billion-$2.6 billion, compared to the consensus revenue estimate of $2.6 billion. PROG also updated its Q1 2025 guidance to 0.800-0.850 EPS.

PROG Price Performance

Shares of PRG opened at $42.73 on Wednesday. The firm has a market cap of $1.78 billion, a PE ratio of 11.84 and a beta of 2.18. The company has a current ratio of 4.97, a quick ratio of 2.34 and a debt-to-equity ratio of 0.94. The firm has a fifty day simple moving average of $42.74 and a two-hundred day simple moving average of $45.08. PROG has a 1-year low of $27.84 and a 1-year high of $50.28.

PROG (NYSE:PRG) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. PROG had a net margin of 6.55% and a return on equity of 24.56%. On average, equities analysts anticipate that PROG will post 3.36 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. TD Cowen raised shares of PROG to a “strong-buy” rating in a research report on Friday, November 29th. Stephens reaffirmed an “overweight” rating and issued a $60.00 target price on shares of PROG in a report on Thursday, January 2nd. Finally, Raymond James raised shares of PROG from a “market perform” rating to an “outperform” rating and set a $48.00 target price for the company in a report on Thursday, October 24th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $53.83.

PROG Company Profile

PROG Holdings, Inc (NYSE:PRG) is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.